Many different things are happening. With global economies, events across the globe are become inter-connected.In India, we have moved to a recovery phase and hence talent acquisition is back. However, some of the other economies are still struggling on the various economic indicators. Similarly, for different sectors, different dynamics lie- this is visible in demand supply situations in manufacturing, insurance, IT etc – it differs. Apart from different avenues other than the traditional GTM (Go to market) strategy. Many companies are expanding operations in developing economies thru acquisition and M&A route, which have their own challenges.Social and People changes are many and life time employment is no longer the one solution.
It may be short sighted to assume that other aspects of Talent Strategy don’t have an impact on the talent acquisition process.
Nhrdn talent engagement and retention conclave
Talent Edge- A Strategic Edge to Talent AcquisitionDr. Ritu Anand<br />January 20, 2011<br />
Diverse Challenges<br />- 1 -<br />Social and People Changes<br />Emerging Alternate Opportunities<br />Economic<br /><ul><li>Economic recovery
Competitive Pay</li></li></ul><li>- 3 -<br />Talent Acquisition Strategy- Develop the last block<br />Attract <br />Talent<br />Branding and Advertising<br />Interface with Institutes<br />Visibility on Newer Online Forums<br />Different Talent Segments<br />Source Talent<br />Internal People Planning<br />External Market Intelligence - Functional and Category<br />Heads up on Market Trends and Movements<br />Pipeline Management<br />Select and Hire <br />Talent<br />Effective Screening Methods and Tools<br />Branded End-to-End Hiring Process<br />“Wow” Induction and quick scaling up to make new hires productive<br />Career Management<br />Transaction Management<br />Testimonials Flow Back into Source Pool on the “Wow” Experience<br />Adding a non conventional Thinking…Retain Talent<br />
Customizing Talent Acquisition for Different Segments<br />- 6 -<br />Talent/People<br />Tapping the Pool<br />Value Proposition<br />What's on Offer – Compensation & Benefits<br />Money<br />Power<br />Higher<br />Meaning<br />Different <br />Triggers<br />Challenge<br />Connect with Brand Ambassadors from a Similar Pool<br />Work <br />Life <br />Balance<br />Work<br />Content<br />Save the<br />World<br />Ease of Interaction<br />Lifecycle Needs<br />Multiple Employee Value Propositions & Solutions<br />
Whats your company’s online social footprint<br />- 7 -<br />Internal –Facilitate internal social networking<br />What’s your web presence and how is it being leveraged?<br />Do you have a stated policy on employee and social networking interface?<br />Articulated strategy to increase web presence<br />
Engaging Current Pool to Fit Gaps<br />- 8 -<br />Direct <br />Benefits<br />Multiple Competencies<br />Alternate <br />Solutions<br /><ul><li>Expansion of pool